Rate cuts apply to its purchase-only products, including the Premier two-year fix at 60% LTV with an £899 fee, which has been reduced from 3.91% to 3.85%, and the standard option has gone down from 3.92% to 3.86%. Meanwhile, the fee-free offering has been lowered from 4.12% to 4.06%.
Further, Barclays has reduced the rate of a fee-free two-year fix at 95% LTV from 4.92% to 4.87%, and the equivalent five-year fix has been lowered from 4.87% to 4.82%.
Other changes include a five-year fix at 75% LTV with an £899 fee, which has been cut from 4.14% to 4.05%, and a five-year fix at 60% LTV with an £899 fee, which has fallen from 4.11% to 4.01%.
Barclays has also reduced pricing across some of its green home products.
Additionally, the bank has added a five-year fix at 80% LTV, which has no fee and a rate of 4.28%.
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The changes apply from 24 October.
Accord Mortgages releases residential and BTL mortgages
Accord Mortgages has launched a range of residential and buy-to-let (BTL) mortgages, including first-time buyer options with £500 cashback.
The residential range includes a two-year fix at 90% LTV, available only to first-time buyers, with a rate of 4.51%. This has a £495 fee, £500 cashback and a free standard valuation.
There is also a three-year fixed remortgage at 75% LTV, priced at 4.26% down from 4.33%, with a £495 fee, free standard valuation and remortgage legal service. The range also includes a fee-free five-year fix for purchase at 85% LTV, with a rate of 4.51% down from 4.58%, which has £300 cashback and a free standard valuation.
Across its BTL range, there is a five-year fix at 60% LTV for house purchase, at 4.17% down from 4.21%, with a £1,995 fee and free standard valuation, and a two-year fixed remortgage at 75% LTV, priced at 4.35% down from 4.38%. The remortgage has a £995 fee, free standard valuation and remortgage legal service.
Lastly, there is a five-year fix at 60% LTV, also for remortgage, with a rate of 4.27% down from 4.31%, with a £995 fee, free standard valuation and remortgage legal service.
Aidan Smith, product manager for mortgages at Accord Mortgages, said: “We’re always keen to pass on additional value to our brokers and their clients – whether they are looking to buy a home, remortgaging or funding a buy-to-let property, and so we’re really pleased to have been able to launch this range offering cheaper rates across many products.
“The exclusive cashback offering for first-time buyers, aimed at helping them with the significant costs incurred by moving into their first home, is the latest example of our commitment to helping this particular group of borrowers to secure a footing on the housing ladder.”
This week, Accord Mortgages improved affordability for landlord borrowers with reductions to its stress rates.
